The Commerce Department fixed its rules for blocking foreign tech, after accidentally leaving out key parts
What happened
The Commerce Department is correcting a rule that lets it block transactions involving information and communications technology from foreign adversaries. The original rule accidentally left out instructions for updating certain language, which this document now fixes. This means the government can now fully implement its ability to review and block certain tech transactions.
Why it matters
The US government has been trying to control the flow of certain foreign technology into the country for years, especially from countries it considers adversaries. These rules are meant to give the Commerce Department the power to stop deals that could pose a national security risk. This correction ensures the department's authority is fully in place, closing a loophole that could have been exploited.
The signal
Watch for the first few transactions that the Commerce Department blocks or modifies under these corrected rules, which will show how broadly it intends to use this power.